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- 📈 Bitcoin Reclaims Bullish Territory! What Now? |Released 29 Oct 25|
📈 Bitcoin Reclaims Bullish Territory! What Now? |Released 29 Oct 25|
🚀 3 New Crypto ETFs Launch! This European Country Could Be the First to Integrate a Bitcoin Reserve!
Jonathan Hamblin
October 29, 2025
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Welcome back to
BULL MARKET BYTES
Your byte of cryptocurrency insight where Bitcoin nears the end of October in the red . . .
This isn’t the “Uptober” that we were promised! 😅
Here is what we have for you today!
📊 BLOCKCHAIN BREAKDOWN
A bullish formation has formed that could lead Bitcoin to a new all-time high price next month!
Don’t worry, there are only 6 major resistance levels that Bitcoin needs to overcome until we “moon.”
📌 BULL MARKET BULLETIN
Three new cryptocurrency ETFs launch in hopes to revive the market.
Germany’s AfD party seeks to integrate Bitcoin strategic reserve.
BITCOIN TECHNICAL ANALYSIS
We had high hopes for October to bring massive Bitcoin gains - but here we are - with Bitcoin sitting at -0.68% for the month . . .
Even though Bitcoin reached a new all-time high of $126,198.07 on the 6th of October, we also witnessed it dip to ~$103,725.86 two weeks later.
Let’s draw out a possible scenario . . .
In 2017, Bitcoin achieved +47.81% in October and +53.48% in November.
In 2018, Bitcoin achieved -3.83% in October and -36.57% in November.
Last year, Bitcoin was +10.76% in October and +37.29% in November . . . is this going to be a repeat of 2017 and 2018?
To find that answer, let’s dive in today’s newsletter - but before we do - a word from today’s sponsor!
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The image below gives us a more zoomed-out approach to Bitcoin over the month of October which has more bumps than my mattress.
After Bitcoin completed the bearish inverse cup and handle formation in the white outline, Bitcoin broke major support at $104,442.54 on the 17th of October.
Since then, we have witnessed a gradual incline to the support level of $111,871.67 - which continues to be a major battleground.
Now, for the good news! Bitcoin has entered a major bullish formation, the ascending wedge as shown by the image below!
Even though Bitcoin has 6 major resistance levels to breach, all signs are pointing to Bitcoin reaching a new all-time high by the 25th of November!
Before we get too excited, let’s keep in mind a massive variable . . .
The psychology behind the market
In the past hour, there is a majority of bearish traders compared to bullish traders.
Short (bearish) traders = 54.91%
Long (bullish) traders = 45.09%
So, we have both good news and bad news, but which one will outweigh the other?
Let’s take a look at our next section where we shake the magic 8-ball and see what the projections for Bitcoin’s next move is.
WHAT TO ANTICIPATE
As stated in our previous newsletter on the 18th of October . . . hopefully you didn’t miss us too much . . .
“How Bitcoin moves in the next 72 hours will draw a course of how it will move for the rest of the month . . .
For Bitcoin to enter a true reversal, the price must exceed above $116,822.71.”
Luckily for us, the magic 8 ball was spot! Since our last newsletter, Bitcoin has increased ~5.79%.
Additionally, Bitcoin converted resistance into support at 3 major levels:
107,493.48
108,765.53
110,609.41
🌍 In a perfect world, what do we see? Bitcoin’s bullish ascending wedge formation looks promising for Bitcoin to reach a new all-time high by 25 November.
The bullish trend is a breath of fresh air that the cryptocurrency community needs, but there are obstacles before Bitcoin “moons.”
⚠️ Caution along the way! For Bitcoin to “moon,” Bitcoin must break major resistance levels at:
$115,620.04
$116,822.71
$118,386.74
$122,126.23
$123,755.22
$126,198.07
No . . . all of these resistance levels are not daunting at all . . .
Let’s not get ahead of ourselves, this will take time even though our portfolios may be running short of it!
🧠 Our overall thoughts? Bitcoin continues to hold near the all-time high after the multiple new all-time highs that have been achieved this year!
We are aiming for the $160,000 to $180,000 area before the bull market switches to the bear market but higher is always better . . .
In the meantime, Bitcoin must hold $111,871.67 to continue its upward trend. If held, $115,620.04 is the next resistance level that must be converted to support!
If $111,871.67 is broken, it must be reclaimed before the beginning of November to hold the bullish ascending wedge formation.
Be safe out there and may the bull be with you!
BULL MARKET BULLETIN 📌
Bitwise introduces $BSOL (Solana ETF) which generated $56 million in trading volume, the biggest ETF launch of the year!
Canary Capital launches Hedera ETF that racked in an amazing $8 million and the Litecoin ETF that generated $1 million in the first day!
Germany’s AfD party is wanting to join in on the action that is “Bitcoin returns” and create a reserve equaling 2% of Bitcoin’s supply!
If approved, this would mark Germany as the “first major European country to integrate Bitcoin into its national reserves.”
DID WE HIT THE BULLSEYE? |